George Weston (OTCMKTS:WNGRF) Shares Gap Up – Here’s Why

George Weston Ltd. (OTCMKTS:WNGRF) shares gapped up before the market opened on Tuesday . The stock had previously closed at $72.0720, but opened at $75.5565. George Weston shares last traded at $75.5565, with a volume of 679 shares trading hands.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upgraded shares of George Weston from a “market perform” rating to an “outperform” rating in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

George Weston Trading Up 3.8%

The company has a market capitalization of $28.27 billion, a P/E ratio of 36.33 and a beta of 0.47. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.64 and a current ratio of 1.11. The stock has a fifty day moving average of $72.01 and a 200 day moving average of $71.25.

George Weston (OTCMKTS:WNGRF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.07). The company had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.53 billion. George Weston had a return on equity of 13.95% and a net margin of 1.74%.

George Weston Company Profile

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.